Bait, rag (5)
I believe the answer is:
taunt
This clue is a double definition.
'bait' is the first definition.
(I know that bait can be written as taunt)
'rag' is the second definition.
(I know that rag can be written as taunt)
(Other definitions for taunt that I've seen before include "Twit" , "Wounding jibe" , "Rag, goad" , "Jeering remark" , "Mock provokingly" .)